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please dont use Excel and show calculations Assume that a product has the following three stages of production: Stage 1: $400 Stage 2: $600 Stage

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Assume that a product has the following three stages of production: Stage 1: $400 Stage 2: $600 Stage 3: $1,400 If the value-added tax (VAT) rate is 15 percent, what is the incremental VAT at Stage 2 of production

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